Which of the following is associated with classical growth theory?
I. Growth in real GDP can continue indefinitely.
II. Technological growth increases as the population grows.
III. Population explosions bring real GDP per person back to subsistence levels.

Question

Quizplus · Accepted Answer

Classical growth theory suggests that population growth will outpace resource growth, leading to a return to subsistence levels of real GDP per person, as described in statement III.

Which of the Following Is Associated with Classical Growth Theory